4632 85 Street NW

Bowness · Calgary · Multi-Family · MLS® A2303959

Request a private showing A request, not a booking — Karen confirms the time with you.

About this property

Welcome to a brand new, purpose-built 4-plex with legal basement suites in Bowness, Calgary, offering a total of 8 self-contained residential units and over 7,400 sq.ft. of professionally designed living space. This is a rare opportunity to acquire a turnkey, income-generating multi-family asset in one of Calgary’s most rapidly evolving and investor-focused communities.Located in Bowness, the property benefits from strong rental demand driven by proximity to the Bow River, Bowness Park, Canada Olympic Park, and convenient access to Downtown Calgary. With ongoing redevelopment and increasing tenant demand, Bowness continues to emerge as a key inner-city investment node with long-term upside.The property features 4 spacious above-grade units, each offering approximately 1,200+ sq.ft. of modern, open-concept living. These units are designed with functional layouts, large windows, and contemporary finishes, creating bright, livable spaces that appeal to quality tenants and support strong rental rates.Complementing the main units are 4 fully legal basement suites (approx. 620 sq.ft. each), each with private entrances, efficient floorplans, and comfortable living spaces. This configuration significantly enhances the overall revenue profile, making this an ideal asset for investors focused on maximizing cash flow and long-term performance.As a new construction multi-family property, this asset offers low maintenance requirements, modern construction standards, and reduced capital expenditure risk. The exterior showcases clean, contemporary architecture with durable, high-quality finishes, contributing to long-term durability and strong curb appeal.From an investment standpoint, the property is supported by a projected cap rate of 5.32% and a dscr of 1.17, offering a balanced profile of income stability and financing viability. A detailed pro forma is available in the supplements, providing further insight into projected rents, operating costs, and overall perform ance.The efficient unit mix, separate entrances for all suites, and thoughtful design support a wide range of tenant profiles, helping to drive consistent occupancy and stable rental income in a supply-constrained market.This opportunity may also align with CMHC mli Select financing (subject to lender and CMHC approval), presenting the potential for enhanced leverage and improved long-term returns.An exceptional opportunity to acquire a newly built 8-unit multi-family property in Bowness, combining strong in-place income potential, modern construction, and exposure to one of Calgary’s most active redevelopment corridors.

Above grade

5,004 sq ftas filed on the MLS® record

The $/sq ft on this page uses the above-grade figure only, because that is what the sold record it is compared against uses. Developed area includes the basement and is not comparable to it.

The full record

MLS® number

A2303959

Property type

Multi-Family

Building type

Multi-Family

Ownership

Freehold

Floor area

5,004 sq ft

Year built

2026

Lot area

6,178 sq ft

$ per sq ft of lot

$461

Zoning

R-CG

Parking

· 4 spaces

Appliances

Washer, Refrigerator, Gas stove(s), Dishwasher, Stove, Dryer, Microwave, Microwave Range Hood Combo, Garage door opener

Legal plan

2660AP

Listed on

2026-04-27

Days on market

172

Listing courtesy of Real Broker · Justin Warthe. Data from the CREA Data Distribution Facility (DDF®), refreshed 2026-10-16 09:37, deemed reliable but not guaranteed. View on REALTOR.ca